Nomura says India's current account deficit CAD) expected to widen to 2.8 pc of GDP this fiscal

According to official figures India's trade deficit, or the gap between exports and imports, in July widened to USD 18 billion, the most in more than five years.

Nomura says India's current account deficit CAD) expected
According to Nomura, the downside risks to exports remain due to a weaker global growth outlook though currency depreciation could provide some relief to exporters, Image Source:Reuters

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